"Asking prices of public housing flats have surged by 30 to 50 per cent in the last two months," Fullmark Property Agency sales manager Kim Chan Shek-kam said. "Sellers are setting prices as if they want to try their luck by winning the Mark Six jackpot, despite the fact they can hardly find any buyers at those prices."Wednesday, 12 June, 2013, 4:07am 2 comments
The housing minister has urged Hongkongers not to rush to buy flats, after home prices were marked up and housing demand surged following the chief executive's policy address.
"People should not buy flats in a panic," said Professor Anthony Cheung Bing-leung, issuing an assurance that the government would ensure a stable supply of flats.20 Jan 2013 - 3:50am
Hundreds of homebuyers flocked to submit their forms as the application for 5,988 flats under two subsidised housing schemes drew to a close late on Friday.18 Jan 2013 - 7:02pm 1 comment
Prices of small flats on sale in the secondary market are likely to come under downward pressure as a result of increased competition for buyers.5 Dec 2012 - 4:25am
Big rises announced by the government last week in the income and asset caps for applicants seeking to buy subsidised housing will create a new market for insured home loans, say analysts.5 Dec 2012 - 4:15am
Hong Kong cyclist Lee Ming-hay, 32, who began his cycling world tour in Berlin in April, has so far ridden almost 14,000 kilometres across eight countries. He arrived in Hong Kong last Saturday with new partner "Egg Tart", a kitten he picked up on the Silk Road in Xinjiang. The kitten now faces four months in quarantine.1 Dec 2012 - 2:59am
People who contribute to mortgage payments for Home Ownership Scheme flats are entitled to partial ownership, even though they are not named on formal documents, the Court of Final Appeal ruled yesterday.14 Nov 2012 - 4:21am
A handful of lawmakers have called for the abolition of a scheme - widely praised last year - aimed at helping middle-income families buy used flats under the home ownership scheme (HOS).
At a housing panel meeting yesterday, members voted 9-5 to pass a motion calling on the government to shelve the plan. The motion is not legally binding.6 Nov 2012 - 3:39am 2 comments